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Vancouver, BC – July 20, 2017: Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the current resource development program in and around the Gladiator Gold Deposit has successfully further extended the newly discovered South Gold Zone (see release dated June 6, 2017) by over 300 meters to depth. Drill hole BA-17-22, the first hole collared from the south island location (hanging wall) intersected 3.8 meters of 12 g/t at 600 meters below surface. Additional results have also been received which also considerably extend to depth the Main and North zones.

Highlights and Observations:

Hole BA-17-22 extends to depth by over 300 meters the new South Zone with 3.8 meters of 12.0 g/t at 600 meters below surface. This is the first intersection from the south island location series of holes that allow for deeper drilling from a southern hanging wall location. This hole is also anticipated to cut through the other known Gladiator zones at depth, and assays are pending for these remaining zones.

Hole BA-17-15 extends the Main zone to depth from previous drilling with 4.0 meters of 9.1 g/t at 700 meters below surface.

Hole BA-17-21 has deepened the North Zone to nearly 500 meters or greater for below surface with 3.0 meters of 21.5 g/t.

Continuity of mineralization is now confirmed over a total drilled strike length (to date) on at least two horizons (Main and Footwall) of 1.2 km, as well as a drilled depth of 1 km.

New results provide drilled continuity to depths of 500 to 700 meters for additional zones (North and South).

Nav Dhaliwal, CEO and President stated,“Results continue to significantly increase the overall dimensions of the Gladiator Gold Deposit in all directions. We are currently focused on our aggressive resource development program and remain in a strong financial position, having raised $40 million in the first half of 2017. The addition of significant strategic partners and shareholders validates not only the Gladiator Gold Deposit but management’s focus and strategy going forward.”

Dale Ginn, VP Exploration added,“The extension of the new South Zone to depth is significant, noting it is the first result from our southern island location. This location provides access to drill the Rivage Gap area to depth from the hanging wall side of the Gladiator deposit, and enables us to extend the under plunge areas of the other four zones as well.”

Hole

From(m)

To(m)

Length*(m)

Grade(g/t Au)

Zone/AreaMid Rivage Gap

BA-17-15

920.0

924.0

4.0

9.1

Main

BA-17-16

418.0

420.0

2.0

3.1

North

BA-17-21

572.0

575.0

3.0

21.5

North

618.0

621.0

3.0

2.2

FW

BA-17-22

712.2

716.0

3.8

12.0

New South

Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains "forward-looking information" that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.